The Halifax Real Estate Blog Weekly Market Rant and Statistics Update, by Jeremiah Wallace of VIewPoint Realty (Thursdays)
Halifax (HRM) Residential Statistic Update for the Week of January 10th - January 17th, 2019
(Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 220 (223) *263
Sold: 72 (64) *78
Sale To Listing Ratio: 33% (29%) *30%
Price Changes: 90 (86) *116
Listings that went conditional/pending: 122 (105) *139
Expired/Cancelled/Withdrawn: 87 (94) *75
Total Active Halifax/Dartmouth Inventory: 3,139 (3,133) +3,534
Absorption Rate in weeks: X (X) *X
Single Family Home Stats
Active Single Family Home: 1,692 (1,683) *1,937
Average Single Family Home List Price: $378,097 ($359k) *$297k
Average Single Family Home Selling Price: $365,658 ($350k) *$275k
Single Family Home Sale to List Ratio This Week: 97% (98%) *93%
Median Single Family Home List Price (6 mo): $284,900 ($285k)*$275k
Median Single Family Home Sold Price (6 mo):$280,000 ($279k)*$269k
Average Days on Market Single Family Home: 76 (108) *108
Active Condos: 249 (253) *349
Average Condo Listing Price: $285,073 ($236k) *$276k
Average Condo Selling Price: $283,734 ($229k) *$267k
Condo Sale to List Ratio This Week: 99% (97%) 97%
Median Condo List Price (6 mo): $239,000 ($235k) *$240k
Median Condo Sold Price (6 mo): $230,000 ($225k) *$239k
Average Days on Market Condos: 114 ()112 *139
Active Vacant Lots: 936 (936) *918
Here we go again? It's very early in the year and things tend to be a bit unpredictable, but market activity in the HRM is wild right now (especially on the peninsula). January does tend to have a surge of activity annually, which tends to cool off when the white stuff flies, but I'm not so sure this year is going to follow along. Right now, buyers in the market are in a "need to see right away" mode, because if they don't get in, chances are they will miss out! There was a decent amount of new listings this week, but the overall inventory reported a measly 6 product gain, and condo's actually reduced this week! If things keep going in this direction, buyers will have an even harder time finding the right fit, so that many more compromises might have to be made on the wants list to secure a property. Still, it is very early in the year, and things can got in either direction, but for now it's a feeding frenzy out there and new listings are chumming the waters. Things could change rapidly, so make sure to stop by to check into the blog to stay on top of the market, or contact me with any questions! Thanks for stopping by!
The Weekly Adogtable
Tundra is a ~3 year old spayed female amstaff mix.
She would prefer a home with children 16 years and older.
Obedience is an optional choice for her new owner(s).
Tundra needs to go to an only animal home.
Tundra is a beautiful amstaff mix looking for a quiet home that she can be the only child of. She enjoys going for walks, and snuggling up on a bed for some "beauty" rest. Tundra is eager to learn new tricks since she knows what the reward is around here (yummy treats!)
If you would like to walk Tundra today, please inquire with the front desk staff!
This "cuddly companion" is available through the NSSPCA, a non profit rescue organization from Halifax, Nova Scotia. More info about her and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE
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Jeremiah Wallace, CD
Jeremiah has been involved with many aspects of the Real Estate industry for over fourteen years. This includes construction, residential renovations, interior design, and investing in various income generating property products..
Photo's by Jeremiah